"SMI receives RM47 million takeover offer from key shareholders, including Francis Leong and Techbase subsidiaries, triggering a mandatory offer under Malaysian laws." Kuala Lumpur, 21th Aug 2024, 11.48pm - On Tuesday, South Malaysia Industries Bhd received a takeover bid exceeding RM47 million from a group of key shareholders. The shareholders — Francis Leong and two subsidiaries of Techbase...
"Miti aims for RM300 billion in green investments by 2030, crucial for achieving net zero by 2050, as outlined in its latest strategy." Kuala Lumpur, 20th Aug 2024, 12.46pm - Malaysia aims to attract up to RM300 billion in green investments by 2030, the Ministry of Investment, Trade and Industry (Miti) announced on Monday. Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz acknowledged that the...
"WORQ, in partnership with UOA Asset Management, expands its Menara UOA Bangsar location to 32,500 sq ft, achieving 100% occupancy before the official launch." Kuala Lumpur, 19th Aug 2024, 11.03am - On Friday, co-working and flexible space provider WORQ, in collaboration with UOA Asset Management Sdn Bhd, announced the expansion of its Menara UOA Bangsar location. UOA Asset Management, a subsidiary...
"PM Anwar emphasizes swift project approvals while maintaining regulations to attract investors, highlighting collaboration between federal and state governments for balanced development." Kuala Lumpur, 16th Aug 2024, 10.30am - Prime Minister Datuk Seri Anwar Ibrahim urged for faster approvals of development projects by federal, state, and local authorities on Thursday, stressing the importance of...
"Sarawak Premier Abang Johari announces contracts will be revoked if work doesn't start within a month, addressing delays and ensuring project completion." Kuala Lumpur, 15th Aug 2024, 12.11pm - Sarawak Premier Tan Sri Abang Johari Tun Openg announced that the Sarawak government will revoke contracts awarded to contractors if they do not begin work within a month of receiving the projects. He stated...
"Gamuda Land introduces Samsung's Bespoke AI Home in Gamuda Cove, with nearly 90% of phase 1 of The Camellia already sold. Prices start at RM1.45 million." Kuala Lumpur, 14th Aug 2024, 15.16pm - Gamuda Land, the property division of Gamuda Bhd, has begun showcasing Samsung Malaysia’s Bespoke AI Home at The Camellia show unit in Gamuda Cove, Kuala Langat, as announced in a press statement on Tuesday...
"Zelan Bhd, now under PN17 status, appoints Mohd Ariff Abd Samat as CEO following financial difficulties and a leadership change a year after Hazimi Baharum's departure." Kuala Lumpur, 13th Aug 2024, 12.07pm - Zelan Bhd is a company under Practice Note 17 (PN17) status, has named Mohd Ariff Abd Samat as its new CEO, roughly a year after the construction engineering firm ended the contract of its former...
"Jiankun International Bhd plans a private share placement to raise up to RM3.86 million, mainly for working capital, targeting completion by 1Q2025." Kuala Lumpur, 12th Aug 2024, 11.31am - Loss-making property developer Jiankun International Bhd plans to raise up to RM3.86 million through a private share placement, with the issue price to be determined later. The funds will primarily be allocated...
"REHDA cautions that converting entire blocks to Madani housing may increase free market prices, urging a targeted approach to balance supply and demand in affordable housing." Kuala Lumpur, 8th Aug 2024, 14.20pm - The proposed mandate to convert entire blocks into Madani housing, instead of a specific percentage, is likely to drive up free market prices for individuals ineligible for affordable...
"I-Bhd launches SkyCity in Shah Alam with a 60-meter tower and 600-meter glass slide, set to open December 2024, boosting tourism and economic growth." Kuala Lumpur, 7th Aug 2024, 10.15am - I-Bhd broke ground on Tuesday for SkyCity in I-City, Shah Alam, featuring a 60-metre tower with a 600-metre glass slide set to become a new tourist attraction. In a press release issued on Tuesday, the property...
